Question: 2 1 - 1 ( OBJECTIVES 2 1 - 1 , 2 1 - 2 , 2 1 - 7 ) Explain the relationship between

21 - 1 (

OBJECTIVES

21 - 1, 21 - 2, 21 - 7)

Explain the relationship between the acquisition and payment cycle and the inventory and warehousing cycle in the audit of a manufacturing company. List several audit procedures in the acquisition and payment cycle that support your explanation.

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